Printed from http://www.electronista.com

Motorola Solutions agrees to buying Psion for $200m

updated 12:45 pm EDT, Tue June 19, 2012

Psion purchase to strengthen Motorola Solutions computing line

Motorola Solutions is to acquire UK-based Psion. The sale will see the the rugged device maker be bought by the remaining section of Motorola, not currently owned by Google, at an agreed price of $200 million. Motorola Solutions hopes the deal will help it cut costs and to strengthen its mobile computing portfolio.

The cash offer sees Motorola Solutions paying 88 pence (~$1.38 USD) per Psion share, a 45 percent premium on the closing price from June 14, which also represents a 66 percent premium to the six-month average. The acquisition is expected to close toward the end of this year, with Psion becoming part of Motorola Solutions' Enterprise Mobile Computing business.

Psion is still best known as the creator of the Psion Organizer, originally launched in 1984. Further iterations saw a Series 5 clamshell design with a keyboard and an operating system called EPOC, later renamed Symbian and bought by Nokia. Currently, Psion specializes in vehicle-mounted and rugged mobile computers, with a focus on enterprise. [via Tech Week Europe]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

Blue's Mikey Digital

Blue Microphones, a company that makes some of the most popular digital USB microphones among podcasters and musicians, has for some t ...

Sponsor

toggle

Most Commented

 
toggle

Popular News